The additional benefit received as a result of undertaking an action is:
a. the opportunity cost.
b. the marginal cost
c. the marginal benefit.
d. the total benefit.
c
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On the graph above (and considering the short run only), a combination of a negative demand shock and a negative supply shock may be represented by the movement from point ________ to point ________
A) G; I B) H; F C) H; I D) G; F E) G; H
Schooling and other types of training
a. are regarded as investment in human capital. b. are an important cause of income differentials. c. involve workers' sacrificing current income in order to enjoy higher future income. d. All of the above are correct.
The Clayton Act of 1914 prohibits "every contract, combination, or conspiracy in restraint of trade" and any "monopolization, attempted monopolization, or conspiracy or combination to monopolize."
a. True b. False Indicate whether the statement is true or false
Which one of the following is counted in GDP?
A. Government spending B. Transfer payments C. Intermediate goods D. Leisure time